The World Bank has expressed concerns over the potential for a dual energy shock, as the ongoing conflicts between Israel and Hamas and Russia’s war in Ukraine continue to escalate. According to the bank, these geopolitical tensions could lead to a surge in oil prices by up to 75%. Today,…

The World Bank has issued a warning about the potential impact of the escalating conflict between Israel and Hamas on global oil and food prices, according to its Commodity Markets Outlook report. The international financial institution suggests that if the situation continues to deteriorate, it could push oil prices into…

Gold prices stayed close to the $2,000 mark today, buoyed by investors seeking safe-haven assets due to the ongoing conflict in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. Despite Israeli forces attacking Gaza’s main northern city, experienced a minor dip of 0.4% to…

Oil prices took a downturn early Monday, following a significant rise last Friday. This fluctuation was largely influenced by the escalating Israel-Hamas conflict, which has raised concerns over potential disruptions in global crude supplies. The Middle East, currently embroiled in this conflict, is responsible for approximately one third of the…

A look at the day ahead in U.S. and global markets from Mike Dolan Another Monday bounce in world markets sets up a Fed-dominated week ahead – although the U.S. central bank may not yet have a great deal to offer stock and bond markets that seem keener to see…

Investing.com– Gold prices fell slightly on Monday, but remained above the key $2,000 level as uncertainty over the Israel-Hamas war kept safe haven demand elevated before a Federal Reserve meeting this week.  The yellow metal hit a 5-½ month high last week as continued uncertainty over the Middle Eastern conflict…

By Stephanie Kelly NEW YORK (Reuters) – Chevron (NYSE:)’s deal announced last week to buy Hess (NYSE:), one of the largest operators in the Bakken shale play in North Dakota, could raise oil output there marginally but analysts do not expect a return to its peak pre-pandemic boom days. New…

Gold prices have surpassed the $2,000 mark, driven by increased demand for safe-haven assets amid escalating geopolitical tensions in the Middle East and ahead of the Federal Open Market Committee (FOMC) meeting. This development comes as US Treasury yields have retreated from recent peaks but remain elevated, with the yield…

By Mohi Narayan and Florence Tan SINGAPORE (Reuters) -Oil prices slipped more than 1% on Monday as investors adopted caution ahead of a U.S. Federal Reserve policy meeting and China’s manufacturing data due this week, offsetting support from tension in the Middle East. futures dropped 1.6%, or $1.11, to $89.37…

CANBERRA (Reuters) -Australia has rejected European Union proposals for a free trade agreement, and a deal is now unlikely to be reached for several years, Australian government ministers said on Monday. The country’s largest farm industry group thanked the government for its refusal to “throw farmers under a bus” by…